American Eagle Outfitters (AEO) Trading Down 6.2%

Shares of American Eagle Outfitters (NYSE:AEO) traded down 6.2% during trading on Monday . The company traded as low as $20.18 and last traded at $20.44. 4,149,900 shares were traded during trading, an increase of 7% from the average session volume of 3,892,854 shares. The stock had previously closed at $21.79.

A number of analysts have recently commented on the stock. ValuEngine cut shares of American Eagle Outfitters from a “buy” rating to a “hold” rating in a report on Friday, May 10th. Zacks Investment Research upgraded shares of American Eagle Outfitters from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a report on Tuesday, February 12th. Wedbush cut shares of American Eagle Outfitters from an “outperform” rating to a “neutral” rating in a report on Thursday, May 9th. Jefferies Financial Group set a $28.00 target price on shares of American Eagle Outfitters and gave the company a “buy” rating in a report on Thursday, March 7th. Finally, Royal Bank of Canada cut shares of American Eagle Outfitters from an “outperform” rating to a “sector perform” rating and set a $24.00 target price on the stock. in a report on Thursday, May 9th. They noted that the move was a valuation call. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $24.62.

The company has a market capitalization of $3.51 billion, a PE ratio of 13.50, a PEG ratio of 1.80 and a beta of 0.80.

American Eagle Outfitters (NYSE:AEO) last announced its quarterly earnings results on Wednesday, March 6th. The apparel retailer reported $0.43 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.01. The company had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.26 billion. American Eagle Outfitters had a net margin of 6.49% and a return on equity of 20.86%. American Eagle Outfitters’s revenue was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.44 EPS. As a group, equities research analysts expect that American Eagle Outfitters will post 1.59 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, April 26th. Investors of record on Friday, April 12th were paid a $0.1375 dividend. This represents a $0.55 dividend on an annualized basis and a yield of 2.75%. The ex-dividend date of this dividend was Thursday, April 11th. American Eagle Outfitters’s payout ratio is 37.16%.

In related news, insider Jennifer M. Foyle sold 117,051 shares of the company’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $23.53, for a total value of $2,754,210.03. Following the transaction, the insider now owns 144,228 shares in the company, valued at approximately $3,393,684.84. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Andrew J. Mclean sold 15,196 shares of the company’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $20.75, for a total transaction of $315,317.00. Following the completion of the transaction, the executive vice president now owns 30,180 shares in the company, valued at approximately $626,235. The disclosure for this sale can be found here. In the last quarter, insiders sold 135,820 shares of company stock worth $3,151,706. 6.30% of the stock is currently owned by company insiders.

A number of institutional investors have recently made changes to their positions in the stock. Macquarie Group Ltd. raised its position in American Eagle Outfitters by 14.3% in the 1st quarter. Macquarie Group Ltd. now owns 3,257,420 shares of the apparel retailer’s stock worth $72,217,000 after buying an additional 407,568 shares during the last quarter. Goldman Sachs Group Inc. raised its position in American Eagle Outfitters by 12.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,651,770 shares of the apparel retailer’s stock worth $80,960,000 after buying an additional 410,032 shares during the last quarter. Jefferies Group LLC raised its position in American Eagle Outfitters by 269.5% in the 1st quarter. Jefferies Group LLC now owns 256,607 shares of the apparel retailer’s stock worth $5,689,000 after buying an additional 187,166 shares during the last quarter. Platinum Investment Management Ltd. raised its position in American Eagle Outfitters by 873.3% in the 1st quarter. Platinum Investment Management Ltd. now owns 2,379,649 shares of the apparel retailer’s stock worth $52,757,000 after buying an additional 2,135,159 shares during the last quarter. Finally, Hsbc Holdings PLC raised its position in American Eagle Outfitters by 127.2% in the 1st quarter. Hsbc Holdings PLC now owns 116,897 shares of the apparel retailer’s stock worth $2,591,000 after buying an additional 65,437 shares during the last quarter. Institutional investors own 93.61% of the company’s stock.

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American Eagle Outfitters Company Profile (NYSE:AEO)

American Eagle Outfitters, Inc operates as a specialty retailer that provides clothing, accessories, and personal care products under the American Eagle and Aerie brands. The company also provides jeans, and other apparel and accessories for men and women; and intimates, activewear, and swim collections, as well as personal care products for women.

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